GNCC Capital Inc. (OTCMKTS:GNCP) stock doubled has confirmed that they are expected to announce a material deal in the Lithium industry as early as in the coming weeks.
Trading Data
On Thursday, GNCP stock soared 100% to $0.0002 with more than 391.57 million shares, compared to its average volume of 198.61 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trade at $0.0001.
GNCC Capital, Inc. Confirms Material Transaction To Be Announced
The company’s directors guarantee that they will update shareholders as soon as possible. Upon consummation of the transaction, the company will focus on the Lithium Exploration business, and so far, financing has been secured. The project comprises 24 Lode Claims on over 460 acres.
GNCP will not issue any shares regarding the deal and will settle the transaction in cash. The president of the company, Mr Blom, will oversee and manage the project with the help of a specialized consulting firm.
The seller and GNCP directors are finalizing agreements, and once they sign, they will file them with OTC Markets as a material event. In addition, the company is developing a corporate website that will be updating investors and shareholders. So in the coming weeks, investors should keep an eye on GNCP.
Technical Data
GNCP stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0004 respectively. However, the stock is trading below above 20-Day moving average of $0.0001.
